Streetbeat News

Partnerships

VLVLY

Mack Trucks, owned by Volvo Group (OTC:VLVLY), and the United Auto Workers (UAW) union have reached a tentative agreement, potentially ending a strike that has been ongoing for three weeks. The agreement is currently under review by the union members.

Portfolio Pulse from Anan Ashraf

October 02, 2023 | 5:07 am

MAT

META

TGT

ULTA

Jay-Z's nonprofit, the Reform Alliance, raised millions via an auction attended by celebrities including Tom Brady and Kim Kardashian. Fenty Beauty's partnership with Target (NYSE:TGT) and Ulta Beauty Inc (NASDAQ:ULTA) has begun. Meta Platforms Inc. (NASDAQ:META) has launched new smart glasses, and Mattel (NASDAQ:MAT) has unveiled a new version of Pictionary where players can compete against artificial intelligence.

Portfolio Pulse from Anthony Noto

October 01, 2023 | 6:02 pm

AAPL

GOOG

GOOGL

This week in Apple Inc. (NASDAQ:AAPL) news, the company's latest iPhone 15 series has been praised for its desktop-like capabilities, but also criticized for overheating issues. Apple defended its $19 billion deal with Google (NASDAQ:GOOG) (NASDAQ:GOOGL) in an ongoing antitrust case. A deal on the 15-inch MacBook Air M2 was announced, offering a $200 discount. Additionally, Sam Altman of OpenAI, former Apple designer Sir Jony Ive, and SoftBank’s Masayoshi Son are reportedly discussing an AI venture.

Portfolio Pulse from Benzinga Neuro

October 01, 2023 | 1:01 pm

AMC

Beyonce is reportedly in final talks to release her 'Renaissance' concert film through AMC Theatres. This follows a similar deal with Taylor Swift.

Portfolio Pulse from Charles Gross

September 30, 2023 | 7:46 pm

GOOG

GOOGL

MATICUSD

Google Cloud, a part of Alphabet Inc., has joined the list of validators on Polygon's Proof-of-Stake (PoS) Network. The same infrastructure used for YouTube and Gmail will be used to secure Polygon's network. This association is expected to have implications for Polygon's switch from a PoS chain to a validium, which relies on off-chain storage solutions for efficiency. The transition should occur by early 2024.

Portfolio Pulse from Khyathi Dalal

September 30, 2023 | 7:16 pm

AAPL

AMZN

GOOG

MSFT

The U.S. Defense Department is pressuring AI firms to reveal more about their technologies. The Pentagon's chief digital and artificial intelligence officer, Craig Martell, is leading this initiative. The Pentagon is advocating for a balance where companies can disclose essential information about their AI software without compromising their intellectual property. A symposium is scheduled in Washington in February 2024 to explore the potential applications and associated risks of large language models (LLMs) in defense. Leading LLM companies include Alphabet Inc., Apple Inc., Microsoft Corporation, Meta Platforms, Inc, and Amazon.Com, Inc. Palantir Technologies Inc was recently awarded a $250 million contract from the US Department of Defense.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 4:44 pm

CPCAY

EADSY

Airbus SE has received an order worth $4.66 billion from Hong Kong's Cathay Pacific Airways for an additional 32 Airbus A320neo Family aircraft. This doubles Cathay's total orders for the A320neo Family to 64, with 13 already delivered. The new aircraft are expected to be delivered by the end of 2029 and will serve routes connecting the Chinese mainland and various Asian destinations.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 3:58 pm

FFIE

KARS

LCID

NIO

RIVN

TSLA

The week ending on Sept. 29 saw mostly positive performance for electric vehicle (EV) stocks, despite a muted broader market. Tesla is preparing for its Q3 deliveries, with estimates adjusted due to production suspensions at its Giga Shanghai and Giga Texas plants. Rivian's CEO dismissed concerns over competition with Tesla's Cybertruck. Lucid Group opened its first international manufacturing plant in Saudi Arabia. Faraday Future's stock plummeted following its proposed stock sale. Nio is rumored to be exploring a partnership with Mercedes-Benz. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.73%.

Portfolio Pulse from Shanthi Rexaline

September 30, 2023 | 2:53 pm

CELOUSD

Matter Labs has proposed its ZK Stack to Celo (CRYPTO: CELO) for a seamless Layer 2 blockchain migration. The ZK Stack is a modular, open-source framework designed to develop custom hyperchains. It offers key benefits such as a mobile-first approach, robust and rigorously tested technology, and elimination of licensing fees. The proposal has been made in recognition of the achievements of cLabs, the Celo Foundation and its expansive ecosystem.

Portfolio Pulse from Murtuza Merchant

September 29, 2023 | 8:54 pm

RIVN

Rivian Horizon and the State of Georgia have amended their Economic Development Agreement. Under the new terms, Rivian has agreed to build an electric vehicle (EV) manufacturing plant in Georgia.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 8:15 pm